Profitable trading strategy: Short gold

Today must be a day full of opportunities for the gold market. Gold fell to the lowest line of 1915 yesterday. This round of rebound has basically come to an end, so gold has returned to the bearish trend. Later, the US ADP data and initial jobless claims data will be released, which will affect the gold market, and this is also a very good opportunity for us.

The current short trend of gold is relatively stronger, so we are more inclined to short gold in operation. In the current short-term structure, we need to pay attention to the resistance of the upper 1923-25 area and the lower support of 1910.

Therefore, in terms of future market operations, I suggest that you can continue to enter the market around 1922-24 to short. Below is the first look at 1915, followed by the situation of 1910 breaking positions.

For more trading signals and trading plans, you can follow the bottom of the article to view the details!

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Xauusd: Sell now

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Adding positions to short gold around 1926

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The ADP data announcement is bearish for gold, and the gold we shorted and increased our short position has successfully reached our profit target. Congratulations to all friends who have kept up with the transaction

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For more trading signals and trading plans, you can follow the bottom of the article to view the details!

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You can try to do long gold in small batches around 1902-03

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After shorting gold, the gold that was long just around 1902-03 immediately reached the take-profit position I set at 1908